Palogic Value Management L.P. Acquires 30,000 Shares of Atlas Energy Solutions Inc. $AESI

Key Points

• Palogic Value Management L.P. increased its stock holdings in Atlas Energy Solutions Inc. by 46.2%, acquiring an additional 30,000 shares to total 95,000 shares valued at approximately $1.7 million.
• Atlas Energy Solutions recently announced a quarterly dividend of $0.25, translating to an annualized basis of $1.00 with a yield of 8.5%.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., have also increased their stakes in Atlas Energy Solutions, indicating strong interest in the company from the investment community.

Palogic Value Management L.P. grew its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 95,000 shares of the company's stock after purchasing an additional 30,000 shares during the period. Palogic Value Management L.P. owned approximately 0.08% of Atlas Energy Solutions worth $1,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AESI. Dimensional Fund Advisors LP increased its stake in shares of Atlas Energy Solutions by 280.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 631,045 shares of the company's stock valued at $13,998,000 after purchasing an additional 465,044 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Atlas Energy Solutions by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 41,846 shares of the company's stock valued at $928,000 after acquiring an additional 2,308 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after acquiring an additional 1,047 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at $331,000. Finally, Stifel Financial Corp lifted its stake in shares of Atlas Energy Solutions by 15.9% in the 4th quarter. Stifel Financial Corp now owns 146,806 shares of the company's stock valued at $3,256,000 after purchasing an additional 20,139 shares during the period. Institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Trading Up 2.6%

Shares of Atlas Energy Solutions stock traded up $0.28 during trading on Thursday, reaching $11.16. 522,663 shares of the stock were exchanged, compared to its average volume of 1,698,426. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average is $12.78 and its 200 day moving average is $14.46. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 79.65 and a beta of 1.19. Atlas Energy Solutions Inc. has a 1 year low of $10.79 and a 1 year high of $26.86.

Atlas Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions's payout ratio is currently 714.29%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AESI shares. Piper Sandler decreased their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Citigroup dropped their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada reduced their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus reduced their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $18.83.

Atlas Energy Solutions Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.